Rents Rising Nationwide As Housing Market Slows?

ÁÖÅà ½ÃÀåÀÌ µÐÈ­µÇ°í ÀÖ´Â °¡¿îµ¥ ÁÖÅà ÀÓ´ë·á´Â Àü±¹ÀûÀ¸·Î »ó½ÂÇØ 

If your 1rent is going up, you¡¯re not alone. Despite new data showing the housing market appears to be slowing, rents are still high and 2soaring across the country. 

¡°Yeah, I pay it every month. I don¡¯t pay it on time. I pay when I get it.¡±

A recent survey by housing lender Freddie Mac found nearly 60% of 3renters saw a rent increase during the past year while just 38% of renters say they saw their 4income go up.

¡°There¡¯s times when I 5get nervous too, because I have to 6prioritize, you know.¡±

¡°Rents going up for the same reasons that everything is getting more 7expensive. There¡¯s just more money flowing around in the economy from the 8lax monetary policy of the last two years and that is 9coming home to roost.¡±

Meanwhile, a report out this week shows new home sales fell by 12.6% in July from the previous month. That¡¯s according to data released by the US Department of Housing and Urban Development and the US Census Bureau which points to rising housing prices and rising mortgage rates for the recent 10decline in sales.

¡°We don¡¯t have enough homes in this country. So people are 11scrambling to find open apartments, apartment rents are going up and it¡¯s just really difficult for anybody who¡¯s trying to make ends meet.¡±

Daryl Fairweather, chief economist at Redfin says there are some places where rent increases are starting to slow including some major cities like San Francisco.

¡°People aren¡¯t gonna 12tolerate this kind of rent increases with 13remote work. They¡¯re gonna pack up and go somewhere else with their money they can get them further.¡±

Source https://cnn.ybmnet.co.kr/cnn_class/2527